With a net worth over $25 billion, George Soros is a renowned and successful investor in the US. He stands out from the rest due to his political views and investing a lot in leftwing politics. What makes this special is the fact that it is uncommon to come across leftist billionaires in politics. He is the name behind the Open Society Foundation. This foundation has put in place around $1.6 billion to assist in democratic development in Eastern European countries.
A similar amount has also been invested in the US to assist in immigration, criminal justice, and democratic matters. These efforts have seen Soros play an important role in supporting capitalism in the former Soviet states. George Soros lived through the Nazi occupation as a child. He was able to survive this alongside his family, who were able to assist many other Jews in surviving this period.
The experiences he went through during this period shaped him into what he is today. Especially his contributions towards refugees, migrants, and criminal justice reform. Soros’ liberal political standing has seen him tackle Republicans head on. For example, in 2004, he supported organized groups involved in blocking then President Bush’s reelection campaign. He also publicly stood against the Iraqi war. He has since also funded progressive groups and those advocating for democratic reforms in the country and around the world.
George Soros’ initiative, the Open Society Foundation looks to serve the interests of discriminated and marginalized groups. Sex workers, drug users and the LGBT community are among the beneficiaries of the initiative. Soros also experienced similar discrimination first hand during the Nazi occupation as a Jew. Later on, he went to London to study Economics before moving to America in 1956. In the US, he pursued a finance career and set up investments that saw his growth to his current status.
In 1970, Soros launched the Soros Fund Management, a hedge fund which spawned into a huge financial success. He has since been considered a great investor of his time. A huge portion of the money gained from the hedge fund was used to start the Open Society Foundation. The foundation currently covers over 100 countries around the world. Some of Soros initial philanthropic activities involved funding South African students’ education before shifting focus to the US. Read more on nytimes.com
Here, he has been able to offer scholarships to bright students from marginalized groups. He has also committed himself to helping unlawfully convicted people by providing relevant legal support. Soros’ philanthropic activities have extended to other organizations. The International Crisis Group is one of the many such organizations that he has supported. At the moment, George Soros continues to commit himself to the Open Society Foundation’s activities around the world.